The share price of Voltas Ltd. gained 1.92% to Rs 1085.95 at 11:16AM (IST) in Tuesday’s trade. The counter has hit a high of Rs 1086.25 and low of Rs 1060.0 so far during the session. The stock had closed at Rs 1065.4 in the previous session.
The counter has had a total traded volume of 15182 shares so far with a value of Rs 1.63 crore on the NSE. It traded at a price-to-earnings multiple of 128.14 and a price-to-book ratio of 4.96.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 32.16% during the past one year, while the 30-share index advanced 24.56% during the same period.
Voltas Ltd. belongs to the Air Conditioners industry.
Promoters held 30.3% stake in the company as of 31-Dec-2023, while FIIs and domestic institutional investors ownership stood at 17.17% and 18.81%, respectively.
The firm reported consolidated net sales of Rs 2683.61 crore for the quarter ended 31-Dec-2023, up 13.53% from the previous quarter’s Rs 2363.73 crore and up 31.79% from the year-ago quarter’s Rs 2036.27 crore.
Loss for the latest quarter stood at Rs 30.41 crore, down 72.45% from the same quarter a year ago.
